FTH TradingFTH TRADINGPrivate Markets · Onchain
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Private Markets · Tokenized Assets · Qualified Custody

Institutional access to tokenized real-world assets.

FTH Trading structures treasuries, allocated gold, private credit, real estate and trading strategies as compliance-gated digital securities — custodied with a qualified custodian and settled on the FTH token suite.

Request an Introduction → How clients engage
XRP LEDGERSOLANARUST L1EVM
6Operating jurisdictions
3Settlement chains
24/7On-chain settlement
2005Operating since
The firm

A principal operator, not a marketplace.

Established in 2005 and headquartered in Peachtree Corners, Georgia, FTH Trading is a hands-on, multi-strategy operator across finance, real estate, energy, commodities and technology. We originate and underwrite our own transactions, hold positions alongside our clients, and operate the full lifecycle of every mandate — origination, custody, issuance and distribution — on institutional rails built with Unykorn.

  • Principal capital in every structure we offer
  • KYC/AML, OFAC and Travel-Rule screening before any transfer
  • Assets held with a qualified custodian (BitGo Trust Company, a South Dakota-chartered trust company), never on our balance sheet
  • On-chain NAV, reserve attestations and audit trails by default
Sravan VellankiChief Executive Officer
Kevan BurnsTechnology & Infrastructure · Unykorn
Institutional infrastructure
Institutional infrastructure for private markets
Private clients

How qualified investors engage.

Access is by introduction and subject to suitability, accreditation and jurisdictional eligibility. A single onboarding covers every strategy on the platform.

01

Introduction & suitability

A private discussion of objectives, liquidity needs and eligibility. Individuals, family offices, institutions and asset managers each follow a tailored path.

02

Onboarding & custody

KYC/KYB and accreditation verification, then a segregated custody account at BitGo — with client-held backup key material, so FTH is never sole custodian of your assets.

03

Allocation

Subscribe to tokenized treasuries, allocated gold (FTHG), private credit, real-estate debt and equity, or trading strategies — each issued as a compliance-gated vault with transparent NAV.

04

Liquidity & reporting

Borrow against holdings, settle in FTHUSD in minutes across borders, exit through permissioned secondary channels or institutional distribution, and monitor every position on-chain — with quarterly investor reporting.

Offered by invitation to accredited investors and qualified purchasers only. Minimums apply per strategy. Nothing on this page is an offer to sell or a solicitation of an offer to buy any security.

The platform

Originate → custody → issue → distribute.

Three institutional layers, one control plane. FTH originates and underwrites; BitGo custodies and settles; Centrifuge issues and distributes.

Layer 01 · Sponsor

FTH Trading

  • Origination & underwriting
  • Fund / SPV structuring
  • Risk limits & deal economics
  • FTH token issuance
Layer 02 · The Bank

BitGo Enterprise

  • Qualified custody + MPC
  • Go Network off-exchange settlement
  • Stablecoin-as-a-Service
  • Staking & Bitcoin staking
Layer 03 · Issuance

Centrifuge Whitelabel

  • ERC-7540 / 4626 vaults
  • NAV & automated waterfalls
  • Permissioned tokenization
  • DeFi & secondary distribution
Infrastructure partners

Everything we run on BitGo & Centrifuge.

Banking on BitGo — the NYSE-listed digital-asset bank: custody, settlement, prime and stablecoin infrastructure. Issuance and distribution on Centrifuge. Matched to the FTH stack line-by-line.

BitGo Enterprise

The Digital-Asset Bank

The regulated bank layer behind every FTH mandate — NYSE-listed, qualified custody, bankruptcy-remote.

Custody

  • Qualified custody (SD + NY trust companies)
  • MPC multi-sig · m-of-n approval policy
  • Client-held backup keys (non-custodial posture)
  • Bankruptcy-remote · insured at custodian level (up to $250M across its client base)

Settlement & counterparties

  • Go Network off-exchange settlement (OES)
  • OKX, KuCoin, HTX, Gate, Deribit (ClearLoop)…
  • Delivery-vs-Payment · 24h net settlement
  • BitGo Prime — OTC execution & financing

Products

  • Stablecoin-as-a-Service (FTHUSD reserves)
  • Crypto-as-a-Service APIs & webhooks
  • Staking & native Bitcoin staking
  • RWA & token custody / management
Centrifuge Whitelabel

The Issuance Engine

Audited, production-grade tokenization modules — the same rails used by New York Life IM, Apollo and Janus Henderson.

Asset management

  • Tokenized bonds · equity · indices
  • DeFi-native assets · onchain loans

Issuance structures

  • Single funds · fund of funds
  • Structured credit · stablecoins

Onchain operations

  • On/off-ramping · fee management
  • Automated DeFi allocations · performance reporting
  • Integrated investment flow · automated waterfalls

Access controls & core

  • Permissioned tokenization (default) · configurable transferability
  • Lockups & minimum investments
  • ERC-7540 / 4626 vaults · NAV · Centrifugescan
How it all fits together

Assembled from audited modules. Banked at every step.

Every Centrifuge Whitelabel module is paired with a BitGo banking service and operated by FTH — so the platform is assembled from production-grade infrastructure, and the team focuses on differentiated product logic instead of rebuilding core rails.

Centrifuge · Asset management

Tokenized bonds · tokenized equity · DeFi-native assets · tokenized indices · onchain loans

BitGo · Banked by

Qualified custody · RWA & token custody · staking on idle assets

FTH · What it becomes

The product shelf — tokenized treasuries, credit, real estate and the FTHX index, every instrument held at the bank layer.

Centrifuge · Issuance structures

Single funds · fund of funds · structured credit · stablecoins

BitGo · Banked by

Stablecoin-as-a-Service · reserve management · trust-company segregation

FTH · What it becomes

FTH funds and tranches — and FTHUSD / FTHG, issued on Centrifuge with reserves banked at BitGo.

Centrifuge · Onchain operations

On/off-ramping · fee management · automated DeFi allocations · performance reporting · integrated investment flow · automated waterfall payments

BitGo · Banked by

Go Network DvP settlement · BitGo Prime OTC · Crypto-as-a-Service APIs

FTH · What it becomes

Money movement — subscriptions in, distributions out, deterministic waterfalls, bank-grade reporting on every flow.

Centrifuge · Access controls

Permissioned tokenization · configurable transferability · lockups & minimum investments

BitGo · Banked by

m-of-n approval policies · KYC/KYB flow states · client-held backup keys

FTH · What it becomes

The compliance perimeter — who may hold, when they may exit, and multi-party approval before any value moves.

FTH token suite

Three instruments. Three chains. One settlement fabric.

Engineered by Unykorn — non-custodial, integer-unit accounting, reserve-attested from qualified custody.

FTHUSD
USD Settlement

Backed by fiat and tokenized T-bill reserves. Subscriptions, redemptions, distributions and cross-border settlement in minutes, not days.

FTHG
Allocated Gold

Issued 1:1 against independently verified allocated gold. Hold the exposure — or pledge it as collateral and unlock liquidity without selling the metal.

FTHX
Ecosystem / Index

Fee, utility and settlement instrument and index basket across FTH strategies.

Planning tools

Model an allocation.

Illustrative tools for directional planning. Rates and returns are entered by you — FTH does not publish yields on this page. Outputs are hypothetical, before fees and taxes, and are not investment advice or an offer of terms.

Treasury income

Income from a tokenized short-duration treasury allocation.

Monthly income—
Annual income—

Gold collateral (FTHG)

Liquidity available against verified allocated gold.

Borrowable (FTHUSD)—
Retained gold exposure—

Portfolio projection

Compound growth of a diversified FTH allocation.

Projected value—
Total growth—
Insights

Research & commentary.

Written by the FTH Trading desk on the market structure we operate in.

Markets

Tokenized treasuries are becoming the institutional cash layer

For decades, institutional cash management meant money-market funds and T-bill ladders that settle T+1 at best and go dark outside banking hours. That standard is quietly being replaced. When New York Life Investment Management partnered with Centrifuge to tokenize a U.S. high-yield corporate bond strategy, it joined a cohort — Apollo, Janus Henderson, S&P Dow Jones Indices — that has concluded the vault standard built for onchain funds, ERC-7540, is fit for regulated money.

The mechanics matter more than the headlines. A tokenized treasury fund carries its NAV on-chain, settles subscriptions and redemptions in stablecoin around the clock, and doubles as collateral: M0's decision to accept Centrifuge's treasury token as backing for stablecoin issuers shows the same asset earning yield, collateralizing credit, and backing settlement money simultaneously. One position, three functions — that capital efficiency is not available in the legacy wrapper.

Our own use is straightforward: idle mandate cash sits in tokenized short-duration treasuries; those same positions back FTHUSD reserves and stand as margin collateral through qualified custody. For allocators, the question is no longer whether to tokenize cash — only how quickly.

Infrastructure

Trading without counterparty risk: inside off-exchange settlement

The lesson of every exchange failure is the same: the risk was never the trade, it was where the collateral slept. Off-exchange settlement (OES) resolves this by separating trading access from asset location. Through BitGo's Go Network, a desk allocates collateral that remains in regulated, bankruptcy-remote qualified custody — in the client's name — while trading spot, margin, options and futures on connected venues including OKX, KuCoin, HTX, Gate and Deribit via ClearLoop. Obligations net and settle on a fixed cadence, typically every 24 hours, delivery-versus-payment.

If a venue fails, the collateral is not on it. That single property changes the risk calculus of running leverage: exposure to any counterparty is bounded to one settlement cycle rather than the full collateral balance. BitGo's 2026 NYSE listing put a public-company disclosure regime around the custodian itself, an underrated form of assurance for allocators who must diligence their diligence.

FTH's trading architecture is built exclusively on this model. Client assets never sit on an exchange, custody never leaves the qualified perimeter, and every venue relationship is one netted settlement away from closed.

Commodities

Gold, safe-keeping receipts, and why verification is the product

A safe-keeping receipt is only as good as the vault behind it — and the SKR market has a documented fraud problem. Receipts for gold that does not exist, double-pledged bars, and vaults that are little more than letterhead have burned enough institutions that many simply refuse the asset class. We think that is the wrong conclusion. The right conclusion is that verification is the product.

FTHG, our gold instrument, is minted only against allocated metal that has cleared a four-stage gate: independent assay and bar-list reconciliation; vault accreditation and title search; forensic counterparty screening; and a signed on-chain attestation with replay protection and a staleness window, so a stale or reused attestation cannot mint. Only then does a token exist — 1:1, reserve-segregated at a qualified custodian.

Once minted, the economics open up. A holder of verified gold can pledge FTHG as collateral, draw FTHUSD, and deploy into yield-bearing mandates — liquidity without selling the metal, upside retained, every draw gated by compliance screening and multi-party approval. Gold has always been the world's most trusted collateral; it simply lacked rails that could keep pace. Now it has them.

Newsroom

Market developments.

FTH Trading opens its private preview to invited allocators — built on BitGo custody and Centrifuge issuance.

Centrifuge completes its V3 migration — a fully multichain, EVM-native protocol with unified fee capture across 10 networks.

BitGo lists on the New York Stock Exchange, bringing public-company disclosure to the qualified-custody layer FTH builds on.

STS Digital joins BitGo's Go Network as an off-exchange settlement counterparty, expanding FTH's tradable venue set.

New York Life Investment Management partners with Centrifuge; M0 adds Centrifuge treasury collateral for stablecoin issuers.

iPhone · iPad · Android

The platform, in your pocket.

FTH Trading is delivered as a secure web application for iPhone, iPad, Android and desktop — added to your home screen in one tap, nothing sideloaded. Complete onboarding, review positions and NAV, connect a wallet, and reach your coverage team from anywhere. Works offline.

Open onboarding

iPhone / iPad: tap Share → Add to Home Screen. Android / desktop: tap Install.

Global footprint

Market access across six jurisdictions.

Each mandate is issued from the jurisdiction that fits it, settles worldwide in FTHUSD, and passes the compliance gate on every cross-border movement. Pathways are subject to local licensing and registration; certain markets are partner-enabled or in application — detail available in diligence.

United StatesReg D / Reg S
SwitzerlandFINMA · DLT Act
UAE · DubaiVARA · DIFC
MalaysiaSC · Labuan
JamaicaBOJ · Sandbox
IndiaGIFT City · IFSCA
Private enquiries

Request an introduction.

Enquiries are reviewed by a principal, not a queue. We respond within one business day.

Submitting an enquiry does not create a client relationship. Access is subject to eligibility, KYC/AML and jurisdictional review.

Global HQ5655 Peachtree Parkway, Peachtree Corners, GA 30092, USA
Operating marketsDubai · Zurich · Kuala Lumpur · Kingston · India · United States
Private clients[email protected]
Institutions & partners[email protected]